Cheng Yu-tung
| Cheng Yu-tung GBM |
|
|---|---|
| Born |
August 26, 1925 Shunde, Guangdong, Republic of China |
| Died | September 29, 2016 (aged 91) Hong Kong |
| Net worth |
 US$16.6 billion (February 2016) |
| Spouse(s) | Chow Tsui-ying (m.1943) |
| Children | Henry Kar-shun, Peter, Amy, Lai-ha |
| Relatives | Chow Chi-yuen (father-in-law), Adrian Cheng Chi-kong (grandson) |
Cheng Yu-tung GBM (simplified Chinese: 郑裕彤; traditional Chinese: 鄭裕彤; pinyin: Zhèng Yùtóng; Sidney Lau: Jeng6 Yue6 Tung4; 8 August 1925 – 29 September 2016) was a Hong Kong billionaire with extensive property investment, development and service businesses, hotels, infrastructure, jewellery retailing and transportation interests in Hong Kong, Macau, United States, Australia and elsewhere.
Cheng was born in rural Shunde District in Guangdong, the son of a tailor, and fled to Macau in 1940, ahead of the advancing Japanese occupation force. The goldsmith owner of the Chow Tai Fook store there took him on as an apprentice and he eventually married the boss's daughter. They moved to Hong Kong in 1946 and opened the company’s first store there.
He founded and owned Chow Tai Fook Enterprises, a conglomerate which operates the Sheraton Marina hotel and controls the publicly listed property developer New World group, which Cheng founded in 1970. Cheng’s wealth originated from his jewellery business, Chow Tai Fook. Cheng’s grandson, Adrian Cheng Chi-kong, is set to inherit part of Chow Tai Fook and the Hong Kong-listed New World group, active in property and infrastructure. He also had interests in Shun Tak Holdings, and Macau casino operator Sociedade de Turismo e Diversoes de Macau, owned by Stanley Ho.
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